GM Bankruptcy Thread

GM to Trade on Pink Sheets Tomorrow Morning

http://blogs.wsj.com/marketbeat/2009/06/01/gm-to-trade-on-pink-sheets-tomorrow-morning/

General Motors shares will begin trading on the Pink Sheets tomorrow morning, says Cromwell Coulson, CEO Pink OTC Markets Inc., which operates the electronic over-the-counter market. A new ticker symbol will be issued this evening by the Financial Industry Regulatory Authority, known as Finra, Coulson said.

At first GM shares will trade on the Pink Sheets “Current Information” category for companies that are current with SEC filings. Coulson said he expects that GM will eventually moved to the “Limited Information” category, which is designed for companies with financial reporting problems, economic issues or are in bankruptcy.

http://pinksheets.com/pink/otcguide/investors_market_tiers.jsp

contains a nice picture of a skull and crossbones

http://pinksheets.com/pink/quote/search.jsp
 
can someone pleeeease help? my mommy knows i read here and sometimes post and so she told me when we were eating dinner that this old lady she works with told her today that she has stock certiffiete for 100 of general motors. the old lady told my mommy she will keep it for when general motors comes back someday but my mommy told her she thinks it is now worthless.

what is the truth? can this old lady follow it on these pink sheets you are talking about here?
 
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